Following bearish move in November pair is potentially forming a Bullish BAT pattern on 1D chart. Currently price has broke and close below the previous structure support giving us a good probability that bears will be pushing this lower down to our bat completion.
This is also opening a shorting opportunity on lower time frame to those of you who trade Bat-BAAM strategy, as price has broke and close below the point B of our potential bat meeting rules of Bat-BAAM. This is something that I would not trade personally as I never tested it, but it could be good opportunity to some of you.
If This Bat is gonna play out then it will create double bottom on weekly time frame for extended term targets.
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This is also opening a shorting opportunity on lower time frame to those of you who trade Bat-BAAM strategy, as price has broke and close below the point B of our potential bat meeting rules of Bat-BAAM. This is something that I would not trade personally as I never tested it, but it could be good opportunity to some of you.
Follow me for more pattern trade ideas on weekly and daily basis.
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